It has been almost a year since government demonetised 500 and 1,000 rupees notes. It was a major decision which had its impact on all sections of the society. Now, everyone wants to know if it was a masterstroke by the government or a setback […]

Effects of demonetisation have almost faded but it has catalysed the process of India’s digitisation. With the beginning of remonetisation, new measures to promote digitisation are being introduced by the government & financial institutions. Some private sector banks namely HDFC, ICICI & Axis bank have […]

The advent of popular social media platforms like Facebook, Twitter & WhatsApp has made the public more aware of their surroundings but also made them a victim of fake news & baseless rumours. One such incident occurred when an ATM spit out notes with “Sonam […]

The government is planning to use Union Budget 2017-18 to take India closer to becoming cashless economy. Recent reports suggest that government may lower the threshold limit of Rs. 50,000 applicable on cash transactions. The revised limit is expected to be Rs. 30,000. In the […]

Government’s preparation for Union Budget 2017-18 is nearing its climax. Expectations are being raised, predictions are being made. However, any hope and prediction for this budget cannot be made without analysing the impact of demonetisation on it. Demonetisation has affected several industries, and its financial […]

Government is trying to create a cashless environment in the country. Demonetisation appears to be a stepping stone in that direction. To help facilitate this, government even launched its own app BHIM built for the same purpose. It even came up with a number of […]

It has been more than a month since government demonetized old currency notes of denomination 500 and 1,000. Nonetheless, people are still lingering with the resulting cash crunch. Government has asked people to bear the pain for 50 days but the prevailing situation has left […]

From Black Money Act and Income Disclosure Scheme to Demonetisation scheme, government has left no stone unturned to demolish parallel economy. However, hardcore tax evaders have taken this as an opportunity to come up with new and increasingly innovative ways to launder cash. Some of […]

Government has planned to introduce amendments in the Income Tax Act to nab those who are depositing their undeclared income into bank accounts post 8 November. Government has used several tactics so far to flush out black money from the system but every time black […]

The reigning government has delivered another massive blow on the parallel economy in the ongoing war against it. In an unprecedented move, government demonetized Rs. 500 and Rs. 1,000 notes with effect from November 9, 2016. Black money is like the legendary Greek monster kraken […]